The crypto market has seen a wave of new and innovative projects in recent months. As such, speculation about what could be potential projects has intensified.
This article will explore seven emerging cryptocurrencies that traders believe could explode in 2024.
1. Dogecoin20 (DOGE20)
Dogecoin20 (DOGE20) has quickly become one of the most interesting crypto projects of 2024. Specifically, thanks to its innovative approach to meme culture.
DOGE20 combines the relevance of Dogecoin with innovative tokenomics like a 2-year staking rewards program and a fixed supply cap.
Its hugely successful $10 million presale demonstrated immense demand, with hype now building ahead of Uniswap’s April listing.
Dogecoin20’s mission to be an “upgrade to Doge” has resonated with investors – and more than 8,800 people now follow the project. on Twitter.
As such, DOGE20 appears well-positioned to be the flagship coin of this cycle. Especially if speculators continue to flock.
Visit the Dogecoin20 presale
2. Slothana (SLOTH)
The Slothana (SLOTH) presale turned heads this week. More specifically, it has raised nearly a million dollars since its launch.
Although it doesn’t have a defined roadmap, SLOTH has tapped into investors’ appetite for meme-inspired tokens by focusing on the beloved sloth creature.
If previous success stories like SLERF (SLERF) are any indicator, this creature could be next to feature in a wave of coin hype.
At the time of writing, potential investors can purchase SLOTH tokens through the official website. Additionally, 1 SOL equals 10,000 SLOTH.
Given that a DEX listing is already on the horizon once the presale ends, Slothana appears poised to benefit from the ongoing buzz around Solana-based meme coins in 2024.
Visit the Slothana presale
3. 5thScape (5SCAPE)
As the VR gaming space continues to grow, 5thScape (5SCAPE) has emerged as a compelling newcomer looking to make its mark in 2024.
Its ecosystem includes immersive sports/racing games, VR hardware, creator marketplaces, and rewards through the 5SCAPE token.
More than $2.6 million has already been invested in 5thScape’s ongoing pre-sale, which is still in its early stages.
Not only that, but as many as 17,000 people have chosen to participate in 5thScape’s Telegram community.
With 80% of 5SCAPE’s total supply allocated to early investors, the development team is focused on giving back to the community from the start.
Combine that with the project’s metaverse-based ambitions, and 5thScape appears to check all the boxes as a crypto that could explode this year.
Visit the 5thScape presale
4. eTukTuk (TUK)
eTukTuk (TUK) launches a new platform combining blockchain technology, artificial intelligence and sustainable mobility.
The TUK token powers an ecosystem aimed at disrupting transportation in developing countries through a network of eco-friendly tuk-tuk vehicles powered by smart routing.
This setup helped eTukTuk attract more than $2.5 million in pre-sales ahead of planned exchange listings once concluded.
During the presale, investors can purchase TUK tokens for just $0.029, which is expected to be a discount from the eventual listing price.
With plans to launch a P2E racing game and install solar charging stations where they are needed most, eTukTuk could emerge as a blockchain-based force transforming urban transportation if its ambitious vision is realized.
Visit the eTukTuk presale
5. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix (BTCMTX) is an attractive proposition for those looking to gain exposure to the benefits of Bitcoin in new ways.
Its “Stake-to-Mine” model allows BTCMTX token holders to earn mining rewards simply by staking rather than spending energy and resources.
Early investors believe this could disrupt the BTC mining landscape by significantly lowering the barriers to entry.
In addition to Stake-to-Mine, Bitcoin Minetrix has a secondary staking protocol that offers returns of 55% per year.
The project’s presale has now raised over $12.6 million, suggesting there is a lot of interest in its mission to democratize Bitcoin mining for the general public.
Visit the Bitcoin Minetrix Presale
6. Ondo (ONDO)
The world of DeFi is evolving and Ondo (ONDO) is at the forefront of bridging the gap between traditional finance and crypto.
This protocol focuses on the tokenization of real-world assets (RWA), particularly in the public bond market, providing users with access to yield-generating products.
Key products such as USDY (a yield-bearing stablecoin) and OMMF (a money market fund) offer investors familiar assets in the Web3 space.
ONDO, the governance token of the ONDO DAO, plays a crucial role in shaping the future of the project.
With ONDO’s price up over 100% over the past month, the token could present an interesting opportunity for those looking to gain exposure to the DeFi space.
7. Goldfinch (GFI)
To conclude our list of new cryptocurrencies that could explode in 2024, we find Goldfinch (GFI).
Unlike traditional lending protocols, Goldfinch offers crypto loans without requiring crypto collateral from borrowers.
Instead, loans are collateralized by off-chain assets and income, expanding access to credit to a wider range of borrowers.
The GFI token, used for voting, staking and incentives, is at the heart of this decentralized lending ecosystem.
With its mission to serve real-world businesses, Goldfinch could be another crypto poised for a successful year as it gains traction.
reference: watcher.guru